IIM Visakhapatnam Placements 2023: Average Package: INR 16.61 LPA & Highest Package: INR 32.65 LPA
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IIM Visakhapatnam Placements 2023: Average Package: INR 16.61 LPA & Highest Package: INR 32.65 LPA
IIM Visakhapatnam Placements 2023 has been concluded with 100% placements. IIM Visakhapatnam average package increased by 10.29% at INR 16.61 LPA whereas IIM Visakhapatnam highest package stood at INR 32.65 LPA. 17% of the total number of students (193 students) received dual offers. The highest number of offers came from the IT & Consulting sector (33%) followed by the BFSI sector (26%). The highest number of offers were made for the Product, Strategy & Consulting roles (25%). 141 companies participated in the placement drive among which 95 were new recruiters. Some of the top recruiters included Amazon, Asian Paints, Deloitte, Adani Group, Cognizant etc.
IIM Visakhapatnam Summer Internship Placements 2024 has been concluded. IIM Visakhapatnam highest stipend stood at INR 2.5 Lakhs per month and IIM Visakhapatnam average stipend increased by 38% which stood at INR 80K per month. 100% summer placements were recorded. IT / ITES sector alone made 22% Internships offers.
Table of Content
- IIM Visakhapatnam Placements 2023 Report
- IIM Visakhapatnam Placements 2023 Sector – Wise
- IIM Visakhapatnam Placements 2023 Roles – Wise
- IIM Visakhapatnam Placements Sector - Wise
- IIM Visakhapatnam Placements Domain - Wise
- IIM Visakhapatnam Placements Top Recruiters
- IIM Visakhapatnam Summer Internship Placements 2024 Report
- IIM Visakhapatnam Summer Internship Placements 2024 Sector Wise
- IIM Visakhapatnam Summer Internship Placements 2023 Sector - Wise
- IIM Visakhapatnam Summer Internship Placements 2023 Top Recruiters
- IIM Visakhapatnam Summer Internship Placements 2023 Batch Profile
- IIM Visakhapatnam Alumni Network
- IIM Visakhapatnam FAQs
IIM Visakhapatnam Placements 2023 Report
| Particulars | Placements Statistics 2023 | Placements Statistics 2022 |
|---|---|---|
| Number of Recruiters | 141 | 86+ |
| Number of New Recruiters | 95 | 49 |
| Placement Percentage | 100% | 100% |
| Highest Salary | INR 32.65 LPA | INR 31.60 LPA |
| Average Salary | INR 16.61 LPA | INR 15.06 LPA |
| Average Salary for Working Professionals | INR 18.32 LPA | |
| Top 10% Average Salary | INR 29.03 LPA | INR 20.67 LPA |
| Top 25% Average Salary | INR 23.63 LPA | INR 19.39 LPA |
| Top 50% Average Salary | INR 20.24 LPA | INR 17.82 LPA |
| Median Salary | INR 16 LPA | INR 15.46 LPA |
| Top Domain | - | Consulting |
| Top Sector | IT & Consulting (33%) | IT/ITES, BFSI |
| Top Recruiters | Amazon, Asian Paints, Deloitte, Adani Group, Cognizant etc | Amazon, BYJU’s, Deloitte, HCL, HDFC Bank etc |
IIM Visakhapatnam Placements 2023 Sector – Wise
The following table represents the sector wise placements for the batch 2023 at IIM Visakhapatnam:
| Sectors | Percentage of Placements |
|---|---|
| Product, Strategy & Consulting | 26% |
| BFSI | 26% |
| Manufacturing | 16% |
| Logistic | 4% |
| Retail | 3% |
| FMCG | 3% |
| E-Commerce | 3% |
| Others | 12% |
IIM Visakhapatnam Placements 2023 Roles – Wise
The below table represents the roles – wise statistics of IIM Visakhapatnam Placements 2023:
| Roles | Percentage of Placements |
|---|---|
| IT & Consulting | 33% |
| Finance | 19% |
| General Management & Leadership Roles | 17% |
| Marketing, BD & DM | 14% |
| Operations & SCM | 12% |
| HR | 8% |
| Analytics | 5% |
IIM Visakhapatnam Placements Sector - Wise
The below table represents the sector - wise highlights of IIM Visakhapatnam Placements 2022:
| Sectors | Percentage of Placements | Percentage of Recruiters |
|---|---|---|
| IT/ITES | 34% | 35% |
| BFSI | 33% | 24% |
| Consulting | 15% | 8% |
| Manufacturing | 8% | 13% |
| E-Commerce | 7% | 5% |
| EdTech/Education | - | 6% |
| FMCG | - | 4% |
| Others | 3% | 5% |
During IIM Visakhapatnam Placements 2022, the highest number of recruiters came from the IT/ITES sector followed by BFSI sector. The highest number of placements were made from the IT/ITES sector.
IIM Visakhapatnam Placements Domain - Wise
The below table shows the domain - wise highlights of IIM Visakhapatnam Placements 2022:
| Domains | Placement Percentage |
|---|---|
| Consulting | 32% |
| Strategy | 13% |
| Finance | 11% |
| Marketing & Sales | 11% |
| General Management | 11% |
| Analytics | 5% |
| Product Management | 5% |
| HR | 5% |
| Operations | 3% |
| Others | 4% |
During IIM Visakhapatnam Placements 2022, the highest number of offers came from the Consulting domain.
IIM Visakhapatnam Placements Top Recruiters
IIM Visakhapatnam Summer Internship Placements 2024 Report
| Particulars | Internship Statistics 2024 | Internship Statistics 2023 | Internship Statistics 2022 |
|---|---|---|---|
| Number of Recruiters | 110 | 60 | - |
| New Recruiters | - | 41 | - |
| Number of Students | 271 | - | - |
| Internship Percentage | 100% | - | - |
| Highest Stipend | INR 2.5 Lakhs per month | INR 3.5 Lakhs per month | INR 2 Lakhs per month |
| Average Stipend | INR 80 K per month | INR 57 K per month | INR 62.264 K per month |
| Median Stipend | - | INR 50 K per month | - |
| Major Sectors | IT/ITES. Edtech, Pharma | IT/ITES, BFSI | - |
| Top Recruiters | Adani Group, Bain & Co, Cognizant, EY, Goldman Sachs etc | - | - |
Also check IIM Visakhapatnam News & Articles
IIM Visakhapatnam Summer Internship Placements 2024 Sector Wise
The following table represents the sector wise summer internship placements for the batch 2022-24 at IIM Vizag:
| Sectors | Percentage of Offers |
|---|---|
| IT/ITES | 22% |
| Pharma & Healthcare | 7% |
| Edtech and Education | 7% |
| Real Estate and Construction | 4% |
IIM Visakhapatnam Summer Internship Placements 2023 Sector - Wise
The below table represents the sector - wise recruiters of IIM Visakhapatnam Summer Internship Placements 2023:
| Sectors | Percentage of Recruiters |
|---|---|
| IT/ITES | 27% |
| BFSI | 22% |
| Consulting | 12% |
| Manufacturing | 10% |
| EdTech | 9% |
| E-commerce | 5% |
| PSU | 5% |
| Others | 10% |
During IIM Visakhapatnam Summer Internship Placements 2023, the highest number of internship offers came from the IT/ITES sector followed by BFSI sector.
IIM Visakhapatnam Summer Internship Placements 2023 Top Recruiters
IIM Visakhapatnam Summer Internship Placements 2023 Batch Profile
The 2021-23 batch comprised 70% male students & 30% female students. 68% of the batch were freshers & rest of the students had previous work experience.
Also check IIM Visakhapatnam Q&A
IIM Visakhapatnam Alumni Network
| Name of Organizations | Number of Alumni |
|---|---|
| Indian Institute of Management Visakhapatnam | 82 |
| Deloitte | 27 |
| Ministry of Skill Development & Entrepreneurship | 27 |
| IDFC First Bank | 16 |
| HCLTech | 14 |
| Amazon | 12 |
| Cognizant | 11 |
| BYJU’s | 11 |
| Tata AIG General Insurance Company Limited | 10 |
| KPMG India | 9 |
| Yes Bank | 9 |
| ICICI Bank | 9 |
| AU Small Finance Bank | 9 |
| Infosys | 8 |
| Vyuham - The Consulting Club, IIM Visakhapatnam | 8 |
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IIM Visakhapatnam Placements FAQs
Ques. What was the salary offered in the placements 2023 at IIM Visakhapatnam?
Ans. In the placement drive of 2023, the highest package stood at INR 32 LPA whereas the average stipend stood at INR 15.5 LPA.
Ques. How was IIM Visakhapatnam Placements 2022?
Ans. During IIM Visakhapatnam Placements 2022, the highest salary stood at INR 31.60 LPA. Students received an average salary of INR 15.06 LPA. Top 10% of the students received an average salary of INR 20.67 LPA, top 25% of the students received an average salary of INR 19.39 LPA & top 50% of the students received an average salary of INR 17.82 LPA. The median salary stood at INR 15.46 LPA. The participating batch achieved 100% placements.
Ques. What was the IIM Visakhapatnam average package?
Ans. The average package stood at INR 15.06 LPA during IIM Visakhapatnam Placements 2022.
Ques. What was the IIM Visakhapatnam highest package?
Ans. The highest package stood at INR 31.60 LPA during IIM Visakhapatnam Placements 2022.
Ques. How many recruiters visited the campus during IIM Visakhapatnam Placements 2022?
Ans. 86+ recruiters visited the campus during IIM Visakhapatnam Placements 2022.
Ques. What was the median salary received during IIM Visakhapatnam Placements 2022?
Ans. The median salary stood at INR 15.46 LPA during IIM Visakhapatnam Placements 2022.
Ques. Which recruiters participated during IIM Visakhapatnam Placements 2022?
Ans. Recruiters like Amazon, BYJU’s, Deloitte, HCL, HDFC Bank etc participated during IIM Visakhapatnam Placements 2022.
Ques. What was the highest stipend received during IIM Visakhapatnam Summer Internship Placements 2023?
Ans. The highest stipend stood at INR 3.5 Lakhs per month during IIM Visakhapatnam Summer Internship Placements 2023.
Ques. What was the average stipend received during IIM Visakhapatnam Summer Internship Placements 2023?
Ans. The average stipend stood at INR 57 K per month during IIM Visakhapatnam Summer Internship Placements 2023
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IIM Visakhapatnam: 2 Answered Questions
How did IIM Visakhapatnam do better at placements than some of the second generation IIMs?
IIM Visakhapatnam had a lot of help from IIM Bangalore for placements in the first few batches. A pool summer placement process was organized at Bangalore for the first three batches. This resulted in students interning at companies like Cloudtail and Directi. If you are lucky, you will find colleagues from colleges like IIM Ahmedabad, Bangalore, Calcutta, XLRI, and FMS.
The internship is a great opportunity for you and it will pose a strong point in job interviews. Moreover, my advice to you would be to network as much as possible. You will probably earn a 6 figure monthly stipend during the summer internship. Eventually, as students began to perform well and some of them at par with the top three IIMS (ABC), PPOs began loyally recruiting students from the college.
These job profiles are the same as those offered at IIM Bangalore. An example of this would be that of Bosch. It offers a Junior Manager’s program available only to premier campuses like IIM Bangalore, IIFT Delhi, etc. as seen on LinkedIn. It even has an international visit to Germany included.
Another major reason would be that this industry prefers students who have previously done summer internships. This PPO percentage was higher for the first two batches from IIM Visakhapatnam since most of the students were taught by IIM Bangalore professors.
Here are some other statistics for placements at IIM Visakhapatnam:
- Many IIM V students are at the consultant level at the Government of Andhra Pradesh.
- The batch size of the first two years was only 50.
- Since most of the students were taught by IIM B faculty, they have more knowledge and experience.
- 18% of the students secured a PPO here, which is higher than any other second-generation IIM.
All these factors combined above have now ensured that IIM Visakhapatnam does better in placements than any other second-generation IIM. Currently, the highest CTC stands at INR 27 LPA and a minimum at INR 10 LPA. Companies like Yes Bank, Amul, and Crompton Greaves regularly visit the institute for placements.
What are the differences between IIM Kashipur and IIM Visakhapatnam in terms of placements and overall infrastructure?
IIM Kashipur and IIM Visakhapatnam both had strong placement records in 2022, with 150+ and 86+ recruiters respectively. The highest salary package offered at IIM Kashipur was INR 28.82 LPA, while the highest salary package offered at IIM Visakhapatnam was INR 31.60 LPA. Both institutes reported an increase in the average salary offered, with IIM Kashipur reporting an 8.256% increase and IIM Visakhapatnam reporting a 19.33% increase. Both institutes had a significant number of offers from major recruiters such as Amazon, Deloitte, HCL, etc. The highest number of recruiters came from the IT/ITES sector. The highest number of placements were made in the Consulting domain at IIM Visakhapatnam.
IIM Kashipur and IIM Visakhapatnam are both premier management institutes in India and have well-developed infrastructure. However, there may be some differences in terms of the facilities and amenities provided by the institutes. IIM Kashipur has a fully-equipped campus with state-of-the-art facilities. The campus has an auditorium, library, computer lab, sports facilities, and hostel accommodation for students. The institute also has an Entrepreneurship Development Cell (EDC) to promote and support the entrepreneurial spirit of students.
IIM Visakhapatnam also has a modern and well-equipped campus. The campus has a library, computer lab, sports facilities, and hostel accommodations for students. The institute also has an Entrepreneurship Development Cell (EDC) to promote and support the entrepreneurial spirit of students. The institute also has an incubation center and a Centre for Innovation, Entrepreneurship, and Incubation (CIEI) which provides a platform for students to develop and incubate their business ideas.
In conclusion, both IIM Kashipur and IIM Visakhapatnam have a well-equipped infrastructure with state-of-the-art facilities and amenities to support the academic and co-curricular activities of students. However, IIM Visakhapatnam may have an additional center for innovation, Entrepreneurship, and Incubation to support students who have business ideas. It's recommended to visit the campuses or check the institutes' websites for more information about the infrastructure and facilities.
Frequently Visited Companies
| Companies | |||
|---|---|---|---|
| Aditya Birla Group | Amazon | Directi | Ernst & Young |
| Bosch Limited | Wipro | Deloitte | HDFC Bank |
| HSBC Bank | MuSigma Business Solutions Ltd. | TVS Motors | Bosch Ltd |
| Mphasis | Pramati Technologies | KPMG | MAQ Software |
| Tech Mahindra | GMR Group | ICICI Lombard | HP Global |
| MindTree | Neudesic | Virtusa | Berger |
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